All Activity
- Past hour
-
The New York Times
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
August 28, 2026 By Sam Sifton Good morning. Authorities in Nepal are warning rescuers that more flooding may be on its way. Let’s start there. Atul Loke for The New York Times After the deluge As emergency workers flew helicopters up steep Himalayan river valleys yesterday to find survivors of a flood that killed more than 500 people and left more than 1,000 missing, scientists began to investigate its cause. They’ve been looking at satellite imagery and seismological data. The likely culprit: A gigantic landslide high in the mountains led to a glacial collapse that sent millions of tons of ice and rock into the valleys below it, pulverizing them into mud and water. The slurry burst dams and turned rivers into hydraulic rams. “The rock that the glacier was sitting on collapsed,” one scientist said. The scale of the disaster is staggering. It’s as if 1,000 Empire State Buildings exploded at the same time and the debris coursed down a canyon. The path of destruction ran for more than 40 miles. It washed away roads, cut bridges in half, overcame buildings and swallowed people whole. On the ground The Nepal Army carrying young children to a rescue helicopter to help their parents board. Atul Loke for The New York Times Anupreeta Das, who covers South Asia, was in Nepal yesterday, flying with rescuers to interview shocked survivors. They told her about the torrents of mud that brought horror into their lives. Here’s what she heard from a resident of a village close to Nepal’s border with Tibet: “They all died, and I lived,” said Dawa Lama, 45, starting to weep as he recounted how, just before 9 a.m. on Wednesday, he had heard a thunderclap, and then felt a breeze. Before he knew it, an enormous wave of muddy water had slammed into his home of 12 years in the border village of Timure, carrying away not just his belongings but also his wife and their two daughters, 7 and 8. Read more from the survivors here. Our changing climate Source: Satellite image by Copernicus and Landsat via Google | By The New York Times Scientists may still be putting together the exact causes of this week’s floods, but they are certain that climate change is heating the Himalayas and increasing the risks of disaster. Here’s why: A warming planet is melting the region’s permafrost, the mixture of frozen soil and rocks that has sat below its glaciers for millennia. Losing it leaves mountains and glaciers unstable — prone to landslides and collapse. “As the glaciers retreat and the permafrost melts, we see that these slopes become more susceptible to failure,” one scientist who studies glaciers told The Times, adding, “There’s a very straight link between climate change and these types of disasters.” More on the flooding Read why climate change is making flooding disasters more likely. See maps and images of the devastation. In The Kathmandu Post, a journalist wrote about seeing his childhood village disappear. MORNING READS Getty Images We’ve made these links free for you. Blended refreshers: Your favorite Starbucks drink may be making your barista break out in hives. Iceland Eclipse festival: Meet the most optimistic people in the world. Your pick: The most clicked story in The Morning yesterday was a video of the flooding in Nepal. LAKE ONTARI … OH! President Trump signed an executive order yesterday renaming Lake Ontario to Lake America, effective immediately. The lake sits between the United States and Canada, so it’s a symbolic target amid the trade war between the two countries. (Trump said yesterday that Canada “treats us very badly.”) Legally speaking, the order — like Trump’s earlier one to rename the Gulf of Mexico to the Gulf of America — likely requires only federal entities to recognize the change. Other countries don’t have to recognize it. Nor do Americans and their businesses, even those within spitting distance of Lake … whatever you call it. (The Times will continue to call it Ontario.) Amanda Miller, 45, owns Lake Ontario Realty, which has helped people buy and sell waterfront properties in the area for over 20 years. By yesterday afternoon, her phone was blowing up. Everyone wanted to know: Would it be “Lake America Realty” now? No. It’s nothing personal, Miller told me; business is business. Lake Ontario Realty is well-known in the area around Chaumont, N.Y., and rebranding for no reason is “the worst thing you can do,” she said. — Evan Gorelick Related: A Canadian official said the U.S. had raised issues with the country’s use of the French language in trade negotiations — and that if the Trump administration changed course, trade talks could potentially resume. THE LATEST NEWS Foreign Policy John Ratcliffe, the C.I.A. director, made a secretive visit to Moscow. He urged the Russians to end their war against Ukraine before their military and economic situation gets worse. The Pentagon will withdraw about 200 U.S. troops from Nigeria. They were deployed to help fight Islamist militants who President Trump said were attacking Christians. Politics The New York Times Angie Nixon, who scored a surprise victory in Florida’s Democratic Senate primary, made pink the signature color of her campaign. Our chief fashion critic, Vanessa Friedman, examines the choice. Click above to watch. The administration of Florida’s governor, Ron DeSantis, “misappropriated” $10 million in taxpayer money by diverting it to a charity tied to his wife, according to a leaked Florida grand jury report. An ICE agent facing charges in Minnesota was released from jail in Texas after Republican officials there blocked his extradition. The Trump administration plans to expand deportation flights to Haiti. Around the World King Harald V of Norway at his coronation in 1991. Inge Gjellesvik/NTB, via Agence France-Presse — Getty Images King Harald V of Norway, whose 35-year reign opened an ancient monarchy to a contentious cast of family connections, including a celebrity shaman and Jeffrey Epstein, died at 89. Crown Prince Haakon, his only son, will become monarch. The success of progressive candidates in the United States is inspiring leftists in Latin America. Six months into war, Iran’s regime stands and American goals remain unmet, our diplomatic correspondent writes. Ratko Mladic, the former Bosnian Serb general known as the “Butcher of Bosnia” for his role in Europe’s deadliest massacre since World War II, died at 83. Ratko Mladic in Sarajevo in 1994. He was captured in 2011 and put on trial for genocide and war crimes. Pascal Guyot/Agence France-Presse — Getty Images Other Big Stories Two air traffic controllers at LaGuardia Airport left work early the night a jet collided with a fire truck in March, killing two people. The F.A.A. is moving to fire them. The Trump administration acted illegally when it barred Anthropic from working with the U.S. government, a federal judge ruled. Times Exclusive: Mark Zuckerberg publicly criticized Anthropic even as his company, Meta, has become one of Anthropic’s biggest customers. ASK THE MORNING (ABOUT POLLING) Gov. Josh Shapiro, a Democrat running for a second term in Pennsylvania, holds a 16-point lead over his Republican opponent, Stacy Garrity, a New York Times/Philadelphia Inquirer/Siena poll found. Morning readers often ask how The Times’s polling works. Here’s a question we received from Jean Oswald in Rochester, N.Y.: How do we know polls are truly showing the breadth and width of Americans’ feelings? I don’t answer my phone when the number is unrecognizable. Perhaps many people like me are not polled. We asked William Davis, our director of election data analytics, to answer: Jean, you’re not alone. In our last national poll, we placed 250,000 calls to 100,000 people in order to get 1,500 responses. The question is whether you and other people like you persistently pick up the phone less frequently than groups that are demographically and attitudinally different. Pollsters have some ways of fixing those issues. They can call more people in groups who are less likely to respond. Or they can adjust the weight of individuals in the poll so groups are correctly represented compared with the census or other sources. But it’s hard. We know that voters who are engaged with the news respond to polls at higher rates, but we don’t know what the right number of highly engaged news consumers is. As a result, polls can be off if, for example, a candidate like Donald Trump is singularly able to get people who don’t pay much attention to the news to vote for him in overwhelming numbers. OPINIONS Trump’s spat with Canada is proof that America is in decline, Frank Bruni and Bret Stephens argue in this week’s edition of The Conversation. Seeking help is not just for moments of life-or-death crisis. It’s also crucial to becoming successful, Angela Duckworth writes. Get access to five locked games. Save 75% on your first year of a New York Times Games subscription. Get full access to Wordle, Spelling Bee, Crossplay, the Crossword and more. TODAY’S NUMBER At Davoll’s General Store. Jillian Freyer for The New York Times 1793 — That is the year Davoll’s General Store opened for business in South Dartmouth, Mass. It’s living history. Loiter and linger as long as you like. The photos are great. SPORTS Advertising controversy: Good Good Golf lost its partnership with Callaway after an ad from the online platform that depicted its male co-founder shoving a female employee to the ground. N.F.L.: The Green Bay Packers running back Josh Jacobs was charged with two misdemeanor counts of battery and criminal damage to property stemming from an incident at his Wisconsin home. RECIPE OF THE DAY Sarah Anne Ward for The New York Times The chef Mario Carbone taught me how to make these pork chops in cherry-pepper sauce a number of years ago and — marone! — what a deliciously pure taste of Italian American cuisine they are. This time of year, with cherry peppers ripening on the vine, I make the dish with fresh peppers instead of the pickled ones called for in the recipe. If you do that, add a splash of lemon juice or white wine vinegar to the sauce at the end, for acidity. PERSON OF INTEREST Peter Grainger at home in Cambridgeshire. Ellie Smith for The New York Times Peter Grainger is a British crime writer who self-published his way into prominence. His main character, the independent-minded detective D.C. Smith, plays things straight. “One of the things you pick up when you read successful crime novels is how dysfunctional the police are,” he told Sarah Lyall, who writes about lots of things at The Times but is particularly great on thrillers and mysteries. “They’re having breakdowns, they’re alcoholics, they’re in abusive relationships. I thought, ‘This trope has taken over the genre and I don’t want to do that. I will do the opposite.’” Read about the best literary detective you’ve never heard of. More on culture Take in the scene at the first night of Harry Styles’s 30-day residency at Madison Square Garden. He rarely appeared to sweat. The U.S. embassy in the Dominican Republic recently removed a work of art by Kehinde Wiley, perhaps best known for his portrait of Barack Obama. The decision wasn’t about art, writes Jason Farago, our art critic. THE MORNING RECOMMENDS Find your next book based on what you loved last. The editors of our Book Review make the task easy. Just click. Listen to a new track from the Jayhawks, “Mr. Lincoln.” The band’s latest album, “Sanctuary Park,” is out today. Take our news quiz. GAMES Here is today’s Spelling Bee. Yesterday’s pangram was motorway. And here are today’s Mini Crossword, Wordle, Connections, Crossplay and Strands. Thanks for spending part of your morning with The Times and me. See you tomorrow. — Sam Reach our team at themorning@nytimes.com. Host: Sam Sifton Editor: Adam B. Kushner News Editor: Tom Wright-Piersanti News Staff: Evan Gorelick, Brent Lewis, Lara McCoy, Karl Russell Saturday Writer: Melissa Kirsch Editorial Director, Newsletters: Jodi Rudoren Deputy Editorial Director: Lauren Jackson -
The Pentagon
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
Stars and Stripes publisher, editor and reporter sue Pentagon to challenge their firings WASHINGTON (AP) — Three staff members from the Stars and Stripes military news outlet are suing to challenge their recent firings by the Pentagon, accusing the Trump administration of violating their First Amendment free speech rights to speak out against government interference in their work. https://apnews.com/article/stars-stripes-pentagon-censorship-media-lawsuit-59a0b5ecb86b6c6fd2321176ee95c5dc? Judge says Pentagon’s measures against Anthropic were ‘illegal and baseless’ A federal judge has ruled in favor of artificial intelligence company Anthropic in its legal battle against the Pentagon after the government labeled the company as a supply chain risk earlier this year. https://apnews.com/article/anthropic-pentagon-lawsuit-supply-chain-risk-f15e3c30186385e73e72bee82d85b05c? -
Six months on, the Iran war has changed the Middle East, but not in the way its architects had hoped When they attacked Iran on Feb. 28, the U.S. and Israel hoped to topple its clerical leadership and replace it with a pro-Western government. But the Islamic Republic survived the assassination of its top leaders and weeks of heavy bombing, and found a potent form of leverage in the Strait of Hormuz. Read more. Why this matters: Iran is now determined to exert permanent control over the strait, to use it to ward off future attacks and secure other concessions, while giving no ground on its disputed nuclear program. Meanwhile Gulf Arab nations saw worrying gaps open up in the American security umbrella they have relied on for decades — and some are looking at alternatives. Israel has once again thrashed its enemies without defeating them, and is at risk of a generational rupture with the U.S., its closest ally. RELATED COVERAGE ➤ Trump used to say he saw a quick end to his Iran war. Six months later, he claims he’s in no hurry More Mideast developments Republicans face a midterm verdict as Iran war drags on months longer than Trump promised Exclusive: US Patriot missile stocks in Europe are ‘beyond critical’ due to Iran war, officials say
-
Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
Judge questions why Kennedy Center is moving so quickly to return Trump’s name to building During a Thursday hearing, U.S. District Court Judge Christopher Cooper asked why the center needed to begin inscribing the president’s name on the institution's facade as soon as Sept. 8. Read more. Why this matters: President Donald Trump has spent much of his second term reshaping Washington to his liking. The Kennedy Center is a rare stumbling block in that effort after Cooper ruled in May that Trump’s name was added to the building illegally, ordering it to be removed. Trump and his allies, however, have refused to let that be the final word. RELATED COVERAGE ➤ Trump administration starts building border wall project in Arizona over tribe’s objections White House construction contributed to radio problems that let Trump copter come close to jet Trump administration relied on flawed logic to justify scrapping vehicle emission rules, study says Judge again blocks Trump mail ballot executive order in ruling that’s likely to be swiftly appealed ICE officer’s release from Texas jail opens a new front in the escalating fight over extradition The Kremlin says the CIA director held talks in Moscow with his intelligence counterparts Exclusive: RFK Jr. said a Samoa trip had nothing to do with vaccines. New documents refute that -
Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
Trump signs order renaming Lake Ontario as ‘Lake America’ in the United States President Donald Trump signed an executive order directing the Interior Department to update the lake’s name in the U.S. geographic naming service. Trump cannot force Canada to follow along, however. Read more. Why this matters: The president has been floating the idea of the name change in recent days as the U.S. announced it was imposing 50% tariffs on $20 billion worth of Canadian goods over the weekend after talks between the countries broke down. Canadian officials dismissed Trump's move. Canadian Prime Minister Mark Carney rejected the move, invoking the lake’s Indigenous roots and noting that the name predates both the Canadian Confederation and the U.S. Declaration of Independence. RELATED COVERAGE ➤ WATCH: Trump signs order Trump says the US doesn’t need Canada. The economy says otherwise FACT FOCUS: Could Canada leave US cities in the dark as part of the trade war? Not likely Quebec’s governing party names Trump its ‘real adversary’ as election begins Canada is bolstering its defense industry as US relations fray. A boom is on for local contractors -
Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
Trump’s mail voting plan gets held up A federal judge in Boston has temporarily blocked the US Postal Service from carrying out a plan, issued under an executive order from President Trump, that could restrict mail voting. Under the new rules, states would have to provide USPS with lists of mail voters, while ballots would need envelopes with unique barcodes that allow them to be automatically tracked. The administration says the requirements are intended to aid law enforcement investigations. Democratic-led states and voting rights groups challenged the rules, and a judge granted them a two-week restraining order Thursday night. + Read more: Judge pauses USPS plan to implement Trump’s new mail voting restrictions -
The Food and Drug Administration
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
FDA approves updated Covid-19 vaccines Vaccines from Moderna, Novavax and Pfizer/BioNTech received federal approval this week. (Joseph Prezioso/AFP/Getty Images) The FDA has signed off on updated Covid-19 vaccines for all adults 65 and older, as well as certain younger people at higher risk of severe illness. While the CDC has yet to make an official recommendation for this year’s vaccines, most medical organizations recommend getting one because the shots target circulating variants as protection from previous doses wanes. Covid cases remain relatively low, but CDC data shows test positivity nearing 5% for the first time since February, with rates climbing in every state. The updated vaccines should begin arriving at pharmacies and doctors’ offices in September. + Read more: FDA approves updated Covid-19 vaccines for many Americans -
The race to rescue survivors Nepal and China have resumed rescue operations in areas devastated by flash flooding, after a pause sparked by fears a barrier lake could unleash another deluge. Residents in threatened areas were seen moving to higher ground, but officials on both sides of the border have since said the danger has receded. At least 489 people have died in Nepal, while dozens of Americans and other foreign nationals are among at least 1,300 people still unaccounted for. A new analysis also found that Wednesday’s surge of water and mud traveled nearly 14 miles in under seven minutes, slamming into towns at speeds of up to 120 mph. + Live updates: Nepal-China flooding latest + In pictures: Deadly flooding wipes out villages + Video: ‘My friends are unreachable’: A CNN director of news who was born and raised in Nepal speaks out
-
Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
Can Trump actually rename Lake Ontario to ‘Lake America’? The Toronto skyline is visible across Lake Ontario from Fort Niagara State Park in Youngstown, New York, on Tuesday. (Adrian Kraus/AP) President Donald Trump is threatening to further escalate his trade war with Canada if the US’ northern neighbor refuses to back down. In the past week, the US imposed 50% tariffs on billions of dollars’ worth of Canadian goods. Canada responded with retaliatory tariffs of its own. Then on Thursday, after trade negotiations between the two countries collapsed, Trump signed an executive order to change the name of Lake Ontario to “Lake America,” effective immediately. The president does have the authority to determine how the US government refers to geographic landmarks, but he can’t force other countries to adopt the new name. Canada, which shares the lake with the US, is not particularly interested in the rebrand — and has no plans to play along. Prime Minister Mark Carney responded by pointing out that the name Lake Ontario dates back more than 400 years, adding that Canadians will call it Lake Ontario “then, now and always.” Beyond the back-and-forth, the clash is revealing the limits of the presidential pen: Yes, Trump’s executive order can change a name on paper, but making it stick is another matter. + Read more: Can Trump actually rename Lake Ontario to ‘Lake America’? + Meanwhile: Canadian council considers changing street named after Trump to Taco Avenue -
🐊 1 swamp thing: Return of gator hunting Alligator hunting in bayou waters in Terrebonne Parish near Houma, La., in 2019. Photo: Drew Angerer/Getty Images Louisiana is reopening gator hunting for the first time in more than 60 years following a resurgence from endangered status, Axios New Orleans' Chelsea Brasted writes. The big picture: The state's gators had been hunted since the 1800s, eventually resulting in a severely depleted population. Louisiana banned gator hunting in 1962 to allow the species a chance to naturally rebound. It worked. And a strategy of targeted farming and limited hunting helped alligators make a "full recovery," according to the Louisiana Department of Wildlife and Fisheries.
-
⚠️ Climate catastrophe risk rising Houses lie deluged in sludge after massive floods in Nepal this week. More than 390 people have been killed along the Nepal-China border, with more than 1,400 missing. Photo: Prabin Ranabhat/AFP via Getty Images Scientists have long warned that the world will experience more intense extreme weather events, including heat waves, storms, floods and droughts. But scenarios that once seemed like the realm of fiction are now discussed as a possibility, even an inevitability, AP writes. "The risk is that people just think you are exaggerating," said Daniel Swain, a climate scientist with the California Institute for Water Resources. "It's the 'Boy Who Cried Wolf' problem. Sometimes wolves are real. If it's outside the door, wouldn't you want to know?" Keep reading.
-
Stock & Bull Markets
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
🦁 Software roars back Data: Financial Modeling Prep. Chart: Emily Peck/Axios AI was going to obliterate the software sector, or so investors believed earlier this year, but it turns out that this stuff is hard to quit, Axios' Emily Peck writes. State Street's Software and Services ETF, which tracks about 130 software and IT stocks, rose 5.2% yesterday, hitting a new all-time high. 📈 Zoom in: Investors really liked Salesforce's second-quarter earnings report Wednesday. The company, arguably the SaaS master, announced an expansion of a deal with Anthropic, which was taken as a sign that AI would be a complement to its business — rather than its death knell. Salesforce stock soared 22.6% yesterday, and is now trading close to where it was before the whole SaaSpocalypse got underway. -
The Federal Reserve
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
🏔️ Driving the day: All eyes on Warsh Illustration: Aïda Amer/Axios. Photo: Brendan Smialowski/AFP via Getty Images Fed chair Kevin Warsh will step up to a lectern beneath elk antler chandeliers this morning to deliver the most consequential public appearance of his young chairmanship, Axios' Neil Irwin writes. Warsh's address in Jackson Hole, Wyo., comes amid a surge in longer-term interest rates worldwide and U.S. Treasury interventions in bond and currency markets — and ambiguity about the Fed's relationship with the Treasury. Go deeper ... Watch Warsh speak at 10 a.m. ET. -
Republican National Committee/Republican Congressional Campaign Committee
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
📺 GOP convention runs into NFL openers Illustration: Sarah Grillo/Axios. Stock: Getty Images Republicans will have some stiff competition for eyeballs when they hold their first-ever midterm convention on Sept. 9-10 in Dallas: The NFL, American television's undisputed champion of ratings, will be kicking off Week 1. Some GOP operatives are privately incredulous that a convention designed to draw attention to the party's fall candidates was scheduled opposite the NFL, Axios' Alex Isenstadt writes. They fear the GOP will struggle to persuade voters — particularly men, who powered President Trump's 2024 comeback — to choose politics over football. 👀 What to watch: The convention's opening night will overlap with the New England Patriots playing the Seattle Seahawks in a Super Bowl rematch. In Dallas that night, Vice President Vance will deliver the convention's keynote speech. The convention's second night will coincide with a rivalry matchup between the San Francisco 49ers and the Los Angeles Rams. Trump is the keynoter that night. 📱 Convention planners tell us they're well aware of the competition from the NFL. But they argue they'd be fighting for eyeballs even without football, given how dramatically Americans' media habits have changed. So they're planning a faster-paced, social media-focused convention designed to produce moments that can break through online, whether or not voters are watching live. Social-media influencers will be distributing content on Facebook, X, TikTok and more. Organizers plan commemorations to mark the one-year anniversary of pro-Trump activist Charlie Kirk's assassination and the 25th anniversary of the Sept. 11 terror attacks. Entertainers and sports figures, including UFC fighters, will be spotlighted. -
🇮🇷 U.S. strengthens Hormuz hand Photo illustration: Sarah Grillo/Axios. Photo: Samuel Corum/Getty Images Today marks six months of the Iran War, which began Feb. 28. Axios' Barak Ravid reports the U.S. is improving its position in the waterway at the center of the quagmire: The Strait of Hormuz has been Iran's most powerful card since the start of the war in late February. U.S. officials say that over the past six months, the American military has steadily eroded Iran's leverage over the crucial waterway. Why it matters: What began six months ago with the goal of degrading Iran's missile capabilities and destroying what remained of its nuclear program has evolved into an open-ended fight over the world's most important energy chokepoint. U.S. officials say they've turned the tide in the strait and believe it could be a watershed moment in the war, bringing gradual relief to the world economy and a better deal with Iran. "The Iranian response is very mild," President Trump told Axios in a phone interview yesterday. "They don't want us to go back at them. That's the whole ball game. The rest doesn't matter." 🚢 Zoom out: The number of ships crossing the strait — and the amount of oil exported through it — remain far below prewar levels. But Iran has lost much of its control over the strait, U.S. officials said. Iran is still firing at ships. But its ability to target them accurately is limited. More than 200 mine-like objects have been swept from the main lane of the strait. U.S. officials say only 11 of them were actual mines and just a few were properly deployed. In recent weeks, traffic through the southern channel has grown to 20 to 30 tankers every night, carrying an average of 9 million to 10 million barrels, per U.S. officials. That's roughly half the prewar volume. 🛢️ Yes, but: Oil experts and tanker trackers are skeptical that the actual figures are that high. U.S. officials say they're undercounting. Periodic reports of oil tankers being struck by projectiles also raise questions about the safety of commercial shipping through the strait, despite U.S. assurances. Trump told Axios: "That sucker is open."
-
Stock & Bull Markets
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
Nvidia almighty Data: S&P Capital IQ Pro. Chart: Erin Davis/Axios Visuals Nvidia made billions selling AI's essential ingredient: chips. Now the company is plowing those riches straight back into the AI ecosystem, betting on a buildout that craves ever more compute, Axios' Madison Mills writes. Why it matters: Nvidia has become the AI industry's supplier, banker and kingmaker, feeding a self-reinforcing cycle in which chip profits finance the next wave of chip demand. State of play: Already the world's most valuable company, Nvidia is now worth more than five of the 11 sectors that make up the S&P 500. The chipmaker reported nearly $60 billion in quarterly profit Wednesday, prompting The Kobeissi Letter to call the results "the most impressive earnings in history." Nvidia believes its reign is far from over, telling investors to expect roughly 70% revenue growth even from today's extraordinary heights. 🔭 Zoom out: Nvidia's vast chip windfall has enabled the company to take on a new role as financial patron of the entire AI industry. Nvidia is involved in more than $750 billion worth of AI investments, financing deals and partnerships, according to PitchBook — a staggering footprint for a company whose core business is still selling chips. That figure does not include this week's reported $13 billion acquisition of Hugging Face, which would give Nvidia control over one of the industry's most important model-distribution hubs. CEO Jensen Huang has enlisted Wall Street to mobilize more than $500 billion for AI infrastructure, channeling outside capital toward the data-center buildout that drives more than 90% of Nvidia's quarterly revenue. 🎡 Between the lines: The strategy creates a powerful flywheel: The more money Nvidia helps pour into AI, the more compute the industry builds — and the more chips it needs. Reality check: Critics say Nvidia's flywheel looks uncomfortably circular. The company is helping finance customers and infrastructure projects that then spend heavily on its own hardware, raising questions about how much demand is being supported by Nvidia's own balance sheet. Huang has dismissed those concerns, telling CNBC Wednesday that Nvidia's investments will generate "tremendous returns" and that "the risk is low." Threat level: The cozy relationship between Nvidia and its biggest customers is becoming increasingly competitive. OpenAI, Google, Amazon, Microsoft and others are pouring billions into custom chips designed to reduce their dependence on Nvidia. OpenAI claims its new Jalapeño chip outperforms Nvidia hardware on some workloads. Nvidia, meanwhile, is spending billions developing its own open-source AI models, aiming to become the American champion in a field increasingly dominated by Chinese models. The bottom line: The result is an unusually tangled ecosystem in which Nvidia is simultaneously supplier, investor, partner — and increasingly competitor — to AI's biggest players. -
Federal Aviation Administration/Airlines&Airplanes
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
Federal aviation officials are reportedly working to fire two air traffic controllers who left work an hour early on the day a jet crashed into a firetruck at LaGuardia Airport; the March 22 collision killed two pilots and injured six other people (More) -
Business & Markets
phkrause replied to phkrause's topic in Politics (Mainly US) and other American interest items
> US stock markets close higher (S&P 500 +0.7%, Dow +0.2%, Nasdaq +1.6%) as tech stocks rally | CrowdStrike shares close up 20% in their best day ever after the cybersecurity firm beat Wall Street's expectations (More) > South Korean chipmaker SK Hynix breaks ground on more than $4B advanced memory-chip packaging and research hub in Indiana—its first US facility (More) | How do microchips work? (More) > House Oversight Committee releases transcript of former Barclays CEO Jes Staley's testimony over his ties to Jeffrey Epstein; see takeaways (More) -
> Largest-ever map of gene mutations linked to autism reveals hundreds of previously unknown protein interactions that impact brain development (More) | Why autism diagnoses expanded to include Asperger's in 2013 (More, w/video) > Engineers create reconfigurable electronic devices that keep working as they change shape, with potential applications in robotics, disaster response, and more (More, w/image) > Electrically charged raindrops found to corrode metal surfaces treated with Teflon, like that of the Eiffel Tower, helping explain why the iconic structure needs frequent repainting (More) | How water droplets generate electricity (More)
-
> Yayoi Kusama, a Japanese pop artist known for her polka-dot designs, dies at age 97 (More) | Scroll through a gallery of her life and artwork (More) > Voice actor Peter Cullen dies at age 85; the Canadian star voiced Optimus Prime in "Transformers" and Eeyore in several "Winnie the Pooh" projects (More) | Listen to over 45 of his character voices (More) > UEFA is reportedly preparing a criminal complaint against FIFA president Gianni Infantino for alleged financial mismanagement over his dead $20B plan to sell stake in the World Cup (More)
-
Spanish Museum Heist A group of men raided the so-called Treasure of Villena from a museum in eastern Spain yesterday. The four-minute heist deprives Europe of its most extensive prehistoric treasure, a roughly 3,000-year-old collection valued at over $2M. The robbery took place between 5:20 am and 5:24 am local time, with thieves luring police to a sports center at the town’s outskirts minutes before the raid. In that time, they took all but seven of the collection’s 66 artifacts—bracelets, bowls, bottles, and other pieces made of gold, silver, mixed metals, and amber (see photos). The robbery is the latest in a series of museum heists culminating in a Europol warning last week. Villena's Bronze Age collection was discovered in 1963, when archaeologist José María Soler found the pieces in the town's dry riverbed (watch an archival newsreel; click "settings" for English captions). While the inclusion of two iron pieces stumped researchers for decades, a 2023 study found the metals originated from a meteor.
- Today
-
What Does the Bible Say About Dogs? What does the Bible say about dogs? What roles did they play in the New Testament? https://www.biblicalarchaeology.org/daily/ancient-cultures/ancient-near-eastern-world/what-does-the-bible-say-about-dogs/? Did Midian Have a Brand? For decades, archaeologists have known a distinctive kind of pottery as “Midianite Pottery.” These beautifully painted vessels were associated with ancient Arabia yet found at southern Levantine sites, most famously at the copper-mining center of Timna. The pottery has since been identified as coming from a northwest Arabian oasis called Qurayyah, where earlier excavations uncovered kilns and debris that established the site as a center of pottery production. “Midianite Pottery” is now called “Qurayyah Painted Ware” (QPW), since it was produced over such a long period and circulated across a wide geographic area, making the ethnic label “Midianite” too narrow. https://www.biblicalarchaeology.org/daily/ancient-cultures/ancient-israel/did-midian-have-a-brand/?
-
-
We know Christs answer when asked, and even to even before giving gifts to God before the altar and reconcile with their brother, to say nothing of what He declared to Zacchaeus. So my question is, if someone is stealing from you or taking what rightly should be yours, lets say your brother takes over your elderly fathers accounts and drains them before he even dies, do we just forgive and let it go, as your parents fade away, no longer able to understand the injustice being done them? What should a Christian do to forgive and right such a wrong and how far should he go, just forgive and forget, or what?
-
Dolly Parton may have sung about working “9 to 5,” but the country queen clocked a six-decade shift that leaves behind a massive $450 million empire. Her meticulously crafted estate plan is set to determine who gets the keys to the kingdom — and what happens to the fortune she spent a lifetime building. The music legend’s assets include a 3,000-song catalog estimated at $120 million, an estimated $165 million stake in Dollywood, a sprawling Tennessee property valued at roughly $10 million and, potentially, decades’ worth of personal possessions, including her famously extensive wardrobe and memorabilia. How that fortune will be divided, and who ultimately controls the pieces of Parton’s empire, could remain private for some time. --------------------------------- Seems like a lot of money for a christian singer. I wonder if she left any of it to a church?